Business, international

Sizing up a crown corp

Article Abstract:

In a discussion paper for the Economic Council of Canada, economics professor Christopher Maule analyzes the Ontario Urban Transit Development Corporation in terms of its creation as a government enterprise, its evolution, accountability, and possibilities for privatization. In 1973, the year it was created, there were 40 employees, assets of $11.3 million, $590,000 in sales, and $928,000 in losses. In 1983, the enterprise had grown to 1,000 employees, assets of $156 million, $86 million in sales, and net earnings of $1.6 million. While the possibility of privatization is attracting interest, it would be difficult to accomplish.

Research, Transportation, Ontario, Government business enterprises, Public enterprises, Ontario. Urban Transportation Development Corp.

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Glasgow's Crown Street project

Article Abstract:

The Crown Street area in Glasgow's Gorbals district is being redeveloped. The 1960's tower blocks are being replaced by buildings akin to the 19th century tenement houses originally there. The theme is a revival of the original Scottish design, and will contain a mixture of tenements, terraces and villas. It will be 75% owner-occupied and 25% rental, and will involved different developers buying varied size units.